Logan Ridge Finance (LRFC) to Release Earnings on Wednesday

Logan Ridge Finance (NASDAQ:LRFC) will be posting its quarterly earnings results after the market closes on Wednesday, May 8th. Investors that wish to register for the company’s conference call can do so using this link.

Logan Ridge Finance (NASDAQ:LRFC) last issued its earnings results on Tuesday, March 26th. The company reported $0.22 earnings per share (EPS) for the quarter. Logan Ridge Finance had a negative net margin of 12.30% and a positive return on equity of 4.13%. The company had revenue of $4.42 million for the quarter. On average, analysts expect Logan Ridge Finance to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Logan Ridge Finance Price Performance

Shares of NASDAQ:LRFC opened at $22.30 on Wednesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.08 and a quick ratio of 0.08. The stock has a market cap of $59.76 million, a price-to-earnings ratio of -21.04 and a beta of 1.32. The company has a 50 day moving average of $22.34 and a 200-day moving average of $22.18. Logan Ridge Finance has a one year low of $18.53 and a one year high of $23.63.

Logan Ridge Finance Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Shareholders of record on Monday, March 25th were paid a $0.32 dividend. The ex-dividend date was Friday, March 22nd. This is a boost from Logan Ridge Finance’s previous quarterly dividend of $0.30. This represents a $1.28 dividend on an annualized basis and a yield of 5.74%. Logan Ridge Finance’s dividend payout ratio (DPR) is presently -120.75%.

Logan Ridge Finance Company Profile

Logan Ridge Finance Corporation, formerly known as, Capitala Finance Corp. is a Business Development Company specializing in senior subordinated debt and unitranche debt, unitranche loan, first-lien and second-lien loans, lower middle market and middle market, equity co-investment in sponsored companies.